Today it was announced that Store Capital from GIC and Oak Street is to be taken over.
For me personally, this is a great pity, as I appreciated the business model very much and was able to buy the company cheaply at the time. Here I promised myself long-term dividend growth over the next 15 (and more) years.
If I were a major shareholder with a stake >1% I would actively oppose the acquisition as I think the price is too low. My expectations of Store are higher, so I will also vote against the acquisition with my comparatively small position.
How do you guys see it? Would you just sell or vote against the acquisition as well?
GIC - global investment company established in 1981 to secure Singapore's financial future. GIC is the manager of Singapore's foreign exchange reserves and invests in diverse asset classes.
Worldwide >1,900 employees 11 financial cities and investments in >40 countries.
Oak Street - is part of Blue Owl (global alternative asset manager with $119 billion in assets under management). Oak Street itself is a real estate investment firm that focuses on acquiring properties leased to creditworthy tenants.
Assets under management of $16.6 billion.